By measuring ________ we can see that the economies of Hong Kong and Singapore are catching up to the economies of North America but that the economies of Central and South America are not.

Question

Quizplus · Accepted Answer

Real GDP per person is the most appropriate measure for comparing the relative economic performance of different countries. It takes into account the differences in population size and captures the actual output (adjusted for inflation) per individual in a given country. Therefore, by comparing the real GDP per person of different regions, we can assess their economic growth rates and relative positions over time.

By Measuring ________ We Can See That the Economies of Hong